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Government Spending Rs 6.5 Lakh Crore Annually On Agriculture, Farmers' Welfare: PM Modi

Government Spending Rs 6.5 Lakh Crore Annually On Agriculture, Farmers' Welfare: PM Modi

NDTV
Saturday, July 01, 2023 10:54:22 AM UTC

In the last 9 years, PM Modi said more than Rs 15 lakh crore have been given to farmers by procuring their produce on the MSP. The government, he said spent Rs 10 lakh crore towards fertilizer subsidy last year.

Prime Minister Narendra Modi today said his government was spending Rs 6.5 lakh crore annually for the agriculture sector and farmers' welfare, and called upon cooperatives to help in making the country self-reliant in cooking oils.

Speaking at an event on the occasion of International Day of Cooperatives, the Prime Minister also highlighted the work done by his government, like PM Kisan scheme, MSP operations, and fertilizer subsidy since coming to power in 2014.

In the last 9 years, PM Modi said more than Rs 15 lakh crore have been given to farmers by procuring their produce on the MSP. The government, he said spent Rs 10 lakh crore towards fertilizer subsidy last year.

In other words, the government is spending around Rs 6.5 lakh crore per year on agriculture and farmers, the Prime Minister said.

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